Now we are getting somewhere...

This week, the economic debate centres on the question of whether inflation exists (here and now), whether we are in the presence of inflation, what inflation's presencing would be, etc.  The difference between this debate and previous discussions of inflation (say in the early 90's or the the 70's), is that it is inspired by a rising awareness of an intensification of the radical absence of inflation in the housing market.   The deflationary trend has dominated both policy-making and media discourse up to this point in 2008.  Now, with the re-emergence of concept of inflation (hoisted by statistical rhetoric asserting its presence here and now in the economy), the debate has taken on the semblance of a Blakian  theological structure in all its speculative anxiety, with Inflation at the top and Deflation at the bottom, and stability for an earth, with heaven and hell constantly trading places.  The problem is, of course, that no one can coherently argue for either a general deflationary trend or an inflationary trend.  A similar torsion in the 70's - spurred by a mysterious combination of stagnation and inflation - brought us the somewhat retarded word stagflation (sounds like jerking off a male deer).  Again and again, the phenomenal expansiveness of life demolishes economic understanding.  The entire terrain of the possible expands far into the impossible (without making it less impossible), and all the dismal science can do is reapply the up-down binary.  Well, if writing about economics means provisionally accepting this binary for purposes of strategic understanding, then so be it, and in fact I will do more:  I will take sides, and commit my efforts absolutely, not to a heavenly balance of controlled inflation, or to a karmic cycle of rises and falls, but to the absolute conquest of deflationary tendencies, to the loss of all value, and even the concept of value itself.  For purposes of writing, anyway.